trending Market Intelligence /marketintelligence/en/news-insights/trending/43jHAvL08YgxKULNuPuGNQ2 content esgSubNav
In This List

TA Realty divests US logistics portfolio for $1.04B

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook


TA Realty divests US logistics portfolio for $1.04B

TA Realty LLC sold a 96-property logistics portfolio spanning 8.3 million square feet across 14 high-growth U.S. markets in two separate deals valued at a combined $1.04 billion.

AEW Capital Management LP bought the 28 Texas properties in the portfolio, while funds managed by Blackstone Group Inc. purchased the remaining assets spread across 10 high-growth markets.

The portfolio has more than 325 tenants and had an occupancy level of 91% as of July 1.

TA Realty, which provides real estate investment management services, made the sale on behalf of one of its closed-end value-added funds. It was represented by CBRE National Partners in deal negotiations.